The successful auction will give heart to European leaders as evidence that their recovery strategy is paying off as well as provide some valuable political capital for Portugal's coalition government, which is under severe pressure to ease its austerity program.In another sign of progress, the Portuguese government said earlier this week it expects last year's budget deficit to be lower than the targeted 5 percent. In 2010, the deficit was 10.1 percent.
Portugal Returns To Bond Sales With Strong Demand
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